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Effective date of share transfer

Malathi.S (Trichy) (65 Points)

26 April 2021

Hi,

what would be effective date of share transfer, is it a date of meeting where share transfer approves or a date mentioned in SH 4.

please clarify.

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2 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 26 April 2021

Transfer becomes effective only on registration of such shares by the company. The company shall deliver the share certificate within 1 month from the receipt by the company's instrument related to transfer. The instrument of transfer must be endorsed with the respective name of the transferee.